Future Market Insights (FMI), a leading market intelligence firm, unveils a promising forecast for the Global Ventral Hernia Treatment Industry, projecting a compelling Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2033. By 2033, the global market for Ventral Hernia Treatment is estimated to attain a substantial value of US$ 9.4 billion.
The surge in market demand is underpinned by several key factors driving growth in the Ventral Hernia Treatment sector. The increasing prevalence of ventral hernia, a rising acceptance of minimally invasive surgical procedures, and the availability of advanced hernia repair technologies and solutions are pivotal contributors to the market’s upward trajectory.
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The availability of sophisticated hernia repair technologies and solutions is also helping to drive the Ventral Hernia Treatment market forward. Innovative mesh solutions and surgical devices are being developed by companies such as Medtronic and Becton Dickinson & Company to support the weaker or injured tissue in the abdominal wall and help prevent the hernia from returning. When compared to traditional hernia repair methods, these products are frequently designed to be minimally invasive and have improved safety and efficacy profiles.
Key Takeaways from the Global Ventral Hernia Treatment Industry Study
- From 2023 to 2033, the global Ventral Hernia Treatment market is predicted to rise at a 6.4% CAGR.
- In 2023, hospitals are estimated to hold 48% of the market share for Ventral Hernia Treatment.
- In 2023, North America is anticipated to have 46% of the Ventral Hernia Treatment market.
- In 2023, Europe’s Ventral Hernia Treatment market is estimated to account for 38% of the total.
“The rising geriatric population and the increasing demand for better healthcare infrastructure in emerging economies are expected to drive the growth of the market in the coming years,” states an FMI analyst
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Global Ventral Hernia Treatment Industry Competitive Landscape
Key players in the Ventral Hernia Treatment market are Medtronic, Becton Dickinson & Company, Braun Melsungen AG, Cook Medical Inc., Cooper Companies Inc., Baxter International, Inc., Integra LifeSciences, W.L. Gore & Associates, AbbVie, Johnson & Johnson Services, Inc.
- Medtronic has developed minimally invasive surgical techniques and technologies that can be used to repair ventral hernias. These techniques often result in less pain and scarring, shorter hospital stays, and faster recovery times for patients.
- Becton Dickinson & Company collaborates with healthcare professionals to develop and improve hernia treatment solutions. This includes conducting clinical research and providing training and education to surgeons and other medical professionals.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Ventral Hernia Treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights based on Type (Epigastric (stomach area) hernia, Umbilical (belly button) hernia, Incisional hernia) Diagnosis (Ultrasound, CT Scan, MRI) Surgery Type (Open hernia surgery, Laparoscopic surgery, Robotic hernia surgery) End-use (Hospitals, Ambulatory Surgical Centres, Clinics) Region (North America, Latin America, Europe, South Asia, East Asia, Oceania)
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Key Segments Profiled in the Global Ventral Hernia Treatment Industry Survey
Type:
- Epigastric (stomach area) hernia
- Umbilical (belly button) hernia
- Incisional hernia
Diagnosis:
- Ultrasound
- CT Scan
- MRI
Surgery Type:
- Open hernia surgery
- Laparoscopic surgery
- Robotic hernia surgery
End-use:
- Hospitals
- Ambulatory Surgical Centres
- Clinics
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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